Best Brokers for Trading Gold

There was a time when gold was difficult to trade because, to do such, you would have to buy and sell the metal itself. With advancements in technology, trading gold has become similar to trading other foreign exchanges using gold brokers. In the same way, a gold trading strategy would include a mixture of technical, fundamental, and sentimental analysis.

Some people are interested in trading gold because there is a physical asset tied to it. It is traded by studying the fundamental factors that affect the supply and demand of gold and making proper technical analysis using the best gold brokers. When searching for a good gold broker to trade with, there are some qualities to look out for. This article will describe gold brokers, how they work, and some of the best gold brokers that can be trusted would also be recommended.

XM
TradingDominance Score™: 99 / 100
XM Financial Instruments
Forex
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Bonuses
Variable Spread
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Micro Account
  • Commision: No Commision
  • Maximum Leverage: 1:888
  • Typical Spread: 1.8-2.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01 Lots (MT4)* - 0.1 Lots (MT5)
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Standard Account
  • Commision: No Commission
  • Maximum Leverage: 1:888
  • Typical Spread: 1.8-2.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
XM Ultra Low Account
  • Commision: No Commission
  • Maximum Leverage: 1:888
  • Typical Spread: 0.06
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 50
  • Minimum Trade Size: Standard Ultra: 0.01 Lots - Micro Ultra: 0.1 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
XM Zero
  • Commision: $3.5 Per Lot Per 100K USD Traded
  • Maximum Leverage: 1:888
  • Typical Spread: 0-0.1
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Shares Account
  • Commision: Yes
  • Maximum Leverage: NO Leverage
  • Typical Spread: As per the underlying exchange
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 1 Lot
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
Cyprus - CY CYSEC
Belize (IFSC)
Dubai (DFSA)
Information:
Company NameXM
Year Funded2009
HeadquartersCyprus, Belize and Australia
Office Locations Cyprus, Belize and Australia
Client Funds Bank(s)Investment Grade Banks
Account CurrencyAUD, CHF, EUR, GBP, JPY, SGD, USD, ZAR, HUF, PLN, RUB
Support Languages Arabic, English, French, German, Indonesian, Greek, Italian, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Hindi and Urdu, Chinese, Czech, Turkish, Ukrainian, Bulgarian, Hungarian, Romanian
Funding MethodsBank Wire, Neteller, Skrill, Credit Card, WebMoney
Financial Instruments Forex, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
Interactive Brokers
Interactive Brokers Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Accepts Japanese Clients
Accepts Canadian Clients
Trading API
Trailing Stops
Interest on Margin
Variable Spread
ECN Account
Allows hedging
Offers STP
ECN or STP Execution
Account Type
Information
IBKR Lite
  • Commision: Free
  • Maximum Leverage: 1:40
  • Typical Spread: 0.1 pips
  • Mobile Platform: IBKR Mobile
  • Trading Platform: Client Portal, Trader Workstation (TWS), IBKR Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 0
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: No
IBKR PRO
  • Commision: Fixed or Tiered Pricing
  • Maximum Leverage: 1:40
  • Typical Spread: 0.1 pips
  • Mobile Platform: IBKR Mobile
  • Trading Platform: Client Portal, Trader Workstation (TWS).
  • Spread Type: Variable Spread
  • Minimum Deposit: 0
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
USA - USAsec
Canada (IIROC)
Singapore - MAS
USA - (FINRA)
Ireland - (CBI)
Austria - (CSSF)
Hungary - (MNB)
India - (BSE)
Japan - (FSA)
Information:
Company NameInteractive Brokers
Year Funded1978
HeadquartersUSA
Office Locations USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China, Luxembourg, Singapore, Ireland and Estonia.
Client Funds Bank(s)
Account CurrencyAUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD, ZAR, HUF, PLN, RUB, DKK, SEK, NOK, CZK, MXN, ILS
Support Languages English, French, German, Italian, Russian, Spanish, Japanese, Chinese
Funding MethodsBank Wire, BPAY
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts
Accepts Canadian clients ✔️
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Pepperstone
TradingDominance Score™: 95 / 100
Pepperstone Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
The Edge Standard Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 1 Pip
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Razor Account
  • Commision: $3.50 per $100,000 Trading Volume.
  • Maximum Leverage: 1:500
  • Typical Spread: 0.0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Swap-Free Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 1 to 1.2 pips
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01 Lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Edge Active Traders Account
  • Commision: $0
  • Maximum Leverage: 1:500
  • Typical Spread: 0 pips
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: Web Trader, MetaTrader 4, Meta Trader 5, cTrader, cAlgo and cMirror
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Cyprus - CY CYSEC
Dubai (DFSA)
Bahamas - (SCB)
Germany - (BaFin)
Kenya - (CMA)
Information:
Company NamePepperstone
Year Funded2010
HeadquartersAustralia
Office Locations London, Bangkok, and Dallas
Client Funds Bank(s)
Account CurrencyAUD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD
Support Languages Arabic, English, French, Italian, Polish, Chinese
Funding MethodsBank Wire, Neteller, Skrill, PayPal, Credit Card, FasaPay, China Union, Qiwi, Poli, BPay
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
IG
TradingDominance Score™: 95 / 100
IG Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
ECN or STP Execution
VPS Trading
Offers MT4
Account Type
Information
CFD Trading Account
  • Commision: $0
  • Maximum Leverage: 1:50
  • Typical Spread: 0.8 pips
  • Mobile Platform: IG Trading Platform, MT4 Mobile, IG PWA
  • Trading Platform: IG Trading Platform, MT4, ProRealTime (PRT), L2 Dealer
  • Spread Type: Variable Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Professional Account
  • Commision: $0
  • Maximum Leverage: 1:50
  • Typical Spread: 0.8 pips
  • Mobile Platform: IG Trading Platform, MT4 Mobile, IG PWA
  • Trading Platform: IG Trading Platform, MT4, ProRealTime (PRT), L2 Dealer
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Dubai (DFSA)
USA - (CFTC)
Singapore - MAS
Bahamas - (SCB)
Germany – (BaFin)
Switzerland – (FINMA)
USA – (NFA)
New Zealand – (FMA)
Japan – (FSA)
Information:
Company NameIG
Year Funded1974
HeadquartersUnited Kingdom
Office Locations Denmark, Deutschland, Spain, France, Ireland, Italy, Luxembourg, Nederland, Norge, Österreich, Portugal, Romania, Russia, United Kingdom, United States, Australia, Singapore, South Africa, United Arab Emirates
Client Funds Bank(s)
Account CurrencyAUD, EUR, GBP, SGD, USD, HKD
Support Languages Arabic, English, French, German, Italian, Portuguese, Russian, Korean, Japanese, Chinese, Swedish
Funding MethodsBank Wire, PayPal, Credit Card
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
NAGA
TradingDominance Score™: 95 / 100
NAGA Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Social Trading
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Trading API
Trailing Stops
Bonuses
Variable Spread
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
Offers MT4
Offers MT5
Account Type
Information
Iron Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EUR/USD 2.5)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Bronze Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EUR/USD 2.3)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 2500
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Silver Trader
  • Commision: Stock CFDs (0,20%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EURUSD 1.9)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 5000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Gold Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Standard Spreads (EURUSD 1.7)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Diamond Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: Platinum Spreads (0.9 on EURUSD)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lot
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Crystal Trader
  • Commision: Stock CFDs (0,10%)
  • Maximum Leverage: 1:1000
  • Typical Spread: VIP Spreads (0.7 on EURUSD)
  • Mobile Platform: MT4 Mobile, MT5 Mobile, NAGA iOS / Android
  • Trading Platform: MT4, MT5, NAGA Web Trader
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000
  • Minimum Trade Size: 0.01 lots
  • Trailing Stops: Yes
  • Scalping Allowed: No
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Cyprus - CY CYSEC
Information:
Company NameNAGA
Year Funded2005
HeadquartersCyprus
Office Locations South Africa, Mexico, Peru, Indonesia, India, Thailand, Malaysia, Vietnam, and New Zealand.
Client Funds Bank(s)
Account CurrencyEUR, USD
Support Languages English, German, Indonesian, Italian, Polish, Portuguese, Spanish, Vietnamese, Thai, Chinese, Czech, Hungarian
Funding MethodsBank Wire, Neteller, Skrill, Bitcoin, Credit Card, Ethereum, Dash, Bitcoin Cash, NAGA Coin, Litecoin, Sofort, Giropay, EPS, iDeal, p24, Trustly
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
NSBroker
TradingDominance Score™: 95 / 100
NSBroker Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Oil and Energies
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Accepts Canadian Clients
Scalping Allowed
Trailing Stops
Interest on Margin
Variable Spread
ECN Account
Allows hedging
Offers MT5
Account Type
Information
Real Account
  • Commision: 0.05
  • Maximum Leverage: 1:100
  • Typical Spread: Floating from 0.02
  • Mobile Platform: MT5 Mobile
  • Trading Platform: MT5 Desktop, MT5 Webtrader
  • Spread Type: Floating Spread
  • Minimum Deposit: 250
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
Malta - MFSA
Germany - Bafin
France - ACP
Spain - CNMV
Denmark - FINANSTILSYNET
Italy - Consob
Information:
Company NameNSBroker
Year Funded2011
HeadquartersValetta, Malta
Office Locations Valetta, Malta
Client Funds Bank(s)PWC, Bank of Valetta, Bank of Cyprus
Account CurrencyEUR, GBP, USD
Support Languages English, German, Polish, Russian
Funding MethodsBank Wire, Neteller, Skrill, Visa, MasterCard
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Oil and Energies, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients ✔️
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Exness
TradingDominance Score™: 94 / 100
Exness Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Oil and Energies
Gold
Indices
Precious Metals
Other Features
Cent Accounts
Negative Balance Protection
Social Trading
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Bonuses
Variable Spread
ECN Account
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Standard
  • Commision: No trading commission
  • Maximum Leverage: 2000:1
  • Typical Spread: 0.2-1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Standard Cent
  • Commision: No trading commission
  • Maximum Leverage: Unlimited
  • Typical Spread: 0.2-1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Raw Spread
  • Commision: Up to 3.5 USD
  • Maximum Leverage: 1:2000
  • Typical Spread: 0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Zero
  • Commision: From 3.5 USD
  • Maximum Leverage: 1:Unlimited
  • Typical Spread: 0
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Pro
  • Commision: No trading commission
  • Maximum Leverage: 1:2000
  • Typical Spread: From 0.1
  • Mobile Platform: MT4, MT5
  • Trading Platform: MT4, MT5, WebTerminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 200
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Regulators
United Kingdom - UK FCA
Cyprus - CY CYSEC
South Africa - ZA FSCA
The Seychelles FSA
Information:
Company NameExness
Year Funded2008
HeadquartersNetherland, Seychelles
Office Locations Netherland, Seychelles
Client Funds Bank(s)Top Grade Investment Banks
Account CurrencyAUD, CAD, CHF, EUR, GBP, JPY, NZD, SGD, USD, HKD, ZAR, HUF, PLN, RUB, DKK, SEK, RON, NOK, IDR, CZK, CNY, MXN, TRY, GOLD, SILVER, AED, ARS, AZN, DHD, BND, BRL, CLP, COP, DZD, GEL, GHS, ILS, IRN, JOD, KES, KRW, KZT, LBP, LKR, MAD, MYR, NGN, NDZ, OMR, PHP, QAR, SAR, SYP, THB, TND, TWD, UGX, UAH
Support Languages Arabic, English, French, Indonesian, Malay, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Japanese, Bengali, Hindi and Urdu, Chinese
Funding MethodsBank Wire, Neteller, Skrill, Bitcoin, Credit Card, Tether, WebMoney, Perfect Money
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Oil and Energies, Gold, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts ✔️
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️
Saxo Markets
TradingDominance Score™: 94 / 100
Saxo Markets Financial Instruments
Forex
Cryptocurrencies
Stock CFDs
Commodities
Futures
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Accepts Japanese Clients
Scalping Allowed
Trading API
Trailing Stops
Interest on Margin
Variable Spread
Account Type
Information
Classic
  • Commision: Variable Commission
  • Maximum Leverage: 30:1
  • Typical Spread: 1.1 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 2000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Platinum
  • Commision: Variable Commission
  • Maximum Leverage: 30:1
  • Typical Spread: 1.0 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 200000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
VIP
  • Commision: No commission
  • Maximum Leverage: 30:1
  • Typical Spread: 0.8 pips
  • Mobile Platform: Investor App
  • Trading Platform: SaxoTraderGo, SaxoTraderPro
  • Spread Type: Variable Spread
  • Minimum Deposit: 10000000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Singapore - MAS
Hong Kong - (SFC)
Information:
Company NameSaxo Markets
Year Funded1992
HeadquartersDenmark
Office Locations UK, Singapore, Denmark, Australia, Hong Kong, China, India, Japan, France, Italy, Czech Republic, Switzerland, Netherland, Dubai
Client Funds Bank(s)N/A
Account CurrencyAUD, EUR, GBP, JPY, USD, PLN, CZK
Support Languages Arabic, English, French, German, Italian, Polish, Portuguese, Russian, Spanish, Korean, Japanese, Chinese, Norwegian, Persian, Dutch, Slovak
Funding MethodsBank Wire, Credit Card, Debit Card, VISA, Master Card, Maestro, Union Pay
Financial Instruments Forex, Cryptocurrencies, Stock CFDs, Commodities, Futures
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin ✔️
Fixed spread
Variable spread✔️
Admiral Markets
Admiral Markets Financial Instruments
Forex
Stock CFDs
Commodities
Oil and Energies
Gold
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
Allows hedging
Offers STP
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
Zero
  • Commision: Forex & Metals - from $1.8 to $3.0 per lot, Cash Indices - from $0.05 to $3.0 per 1.0 lots, Energies - $1 per lot
  • Maximum Leverage: Retail Clients: 1:30 - 1:20, Professional Clients: 1:500 - 1:10
  • Typical Spread: 0.0 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
Trade
  • Commision: Share & ETF CFDs - $0.02 per share, No commission on other Instruments
  • Maximum Leverage: Retail Clients: 1:30 - 1:20, Professional Clients: 1:500 - 1:10
  • Typical Spread: From 0.5 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
Invest
  • Commision: Share & ETF CFDs - $0.02 per share, No commission on other Instruments
  • Maximum Leverage: None
  • Typical Spread: From 0 pips
  • Mobile Platform: MT4 Mobile, Admiral Markets Mobile
  • Trading Platform: MT4, MT5, Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 1
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
Australia - AU ASIC
United Kingdom - UK FCA
Cyprus - CY CYSEC
Information:
Company NameAdmiral Markets
Year Funded2001
HeadquartersTallin, Estonia
Office Locations UK, Cyprus, Australia
Client Funds Bank(s)Prudential Authority Regulated Banks
Account CurrencyCHF, EUR, GBP, USD, HUF, PLN, RON, CZK, BGN, HRK
Support Languages Arabic, English, French, German, Indonesian, Italian, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Bengali, Chinese, Bulgarian, Croatian, Estonian, Lithuanian, Romanian, Dutch, Latvian, Magyar, Cestina, Slav, Bahasa Indonesia, Hindi, Khmer
Funding MethodsBank Wire, Skrill, Credit Card, Debit Card, Klarna, Visa, Mastercard, SafetyPay, Przelewy, iBank , BankLink, iDEAL
Financial Instruments Forex, Stock CFDs, Commodities, Oil and Energies, Gold, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread
Variable spread✔️
FxPro
TradingDominance Score™: 92 / 100
FxPro Financial Instruments
Forex
Cryptocurrencies
Commodities
Oil and Energies
Gold
Futures
Shares
Indices
Precious Metals
Other Features
Negative Balance Protection
Islamic Accounts (Swap-free)
Accepts Japanese Clients
Scalping Allowed
Trailing Stops
Fixed Spread
Variable Spread
Allows hedging
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
FxPro MT4
  • Commision: NO
  • Maximum Leverage: (Retail) 1:200, (Professional) 1:500
  • Typical Spread: 1.71
  • Mobile Platform: MT4 Mobile
  • Trading Platform: MT4, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro MT4 Instant
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.84
  • Mobile Platform: MT4 Mobile
  • Trading Platform: MT4, WebTrader
  • Spread Type: Fixed, Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
cTrader
  • Commision: $45.00 Per Side Per 1 Million USD Traded
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 0.31
  • Mobile Platform: cTrader Mobile
  • Trading Platform: cTrader, WebTrader
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro Edge MT4
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.71
  • Mobile Platform: FxPro Mobile App
  • Trading Platform: MT4, FxPro Edge web
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: Yes
FxPro MT5
  • Commision: NO
  • Maximum Leverage: Retail 1:200, Professional 1:500
  • Typical Spread: 1.65
  • Mobile Platform: MT5 Mobile
  • Trading Platform: MT5
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: No
  • Islamic Accounts: No
Regulators
United Kingdom - UK FCA
Cyprus - CY CYSEC
South Africa - ZA FSCA
Bahamas - (SCB)
Information:
Company NameFxPro
Year Funded2006
HeadquartersUK, Cyprus & Bahamas.
Office Locations UK, Cyprus & Bahamas.
Client Funds Bank(s)Bank of America, Barclays Bank, Royal Bank of Scotland
Account CurrencyAUD, CHF, EUR, GBP, JPY, USD, ZAR, PLN
Support Languages Arabic, English, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Vietnamese, Thai, Korean, Japanese, Chinese, Czech, Bulgarian, Croatian, Danish, Estonian, Finnish, Hungarian, Lithuanian, Norwegian, Romanian, Swedish
Funding MethodsBank Wire, Neteller, Skrill, PayPal, Credit Card, China Union
Financial Instruments Forex, Cryptocurrencies, Commodities, Oil and Energies, Gold, Futures, Shares, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients ✔️
Non expiring demo
Cent accounts
Negative balance protection ✔️
Social trading
Regulatory deposit insurance
Trailing stops✔️
Bonuses
Interest on margin
Fixed spread✔️
Variable spread✔️

What is Gold Trading?

Gold has been seen as a ‘safe-haven,’ a store of value; it is not directly affected by government and central bank activities. The price of gold isn’t affected by monetary policies, inflation, and other factors that could render currencies weak in a short time – they do not affect the price of gold directly. In the gold retail market, the price is quoted against USD or EUR. Thus, XAUUSD or XAUEUR, and if USD or EUR gets weakened, it is normal for the price of gold to increase and vice-versa. It is also typical that the price of gold would increase when investors are demanding it heavily. Gold moved from $1455 to $2076 between March to August last year during the heat of coronavirus. Although the price of gold can be volatile in the short term, it has maintained its value in the long term.

When traders are not so interested in risking their money, they can buy gold and sell it when their risk appetite grows – this is to say that gold offers a great hedge against market inflation or deflation. Gold could be traded at any time even though it is more active at the New York session with higher volatility and volumes traded at that time. Some of the reasons to own gold include:

  1. It serves as a hedge against inflations.
  2. It protects against deflation.
  3. It retains its value even in times of geopolitical uncertainty.
  4. It helps to diversify one’s portfolio.

How Do Gold Brokers Work?

Gold trading markets are in different ways. The main gold market, the futures market, is located in the United States and London, and this market is traded round the clock. The majority of gold trading done in the market features spot contracts, with immediate settlement and the futures contract, which is a legally binding agreement to deliver gold at an agreed-upon price in the future. Investors mainly trade gold as spot and futures contracts, and they can trade these in the gold primary futures market: CME, CBOT, COMEX, and NYMEX. The margin requirement for gold exchanges at this level is very high, and they are not in the reach of retail traders.

Retail traders access gold through forex trading brokers, and these pair the gold against the USD, XAUUSD, or the Euro, XAUEUR. When gold is traded at this level, it is traded as a contract-for-difference instrument that does not involve the physical exchange of the assets.

Trading Platforms

Trading gold as retail traders will not come with the best experience when trading with a gold broker with bad services. The choice of a gold broker is crucial to your success as a trader. Some platforms do not have good trading conditions that should be of benefit to your trades. Many brokers are fraudulent, and they want to exploit the traders through slippages, requotes, hidden charges, or even not confirming withdrawals after making so much money. You should choose a broker that offers transparent pricing, an advanced platform, real-time price, risk management tools, and more professional tools to help your trading process.

Payments Methods

It is common for brokers to offer multiple deposit and withdrawal methods, and this helps the clients to choose the easiest method for them. Aside from the ease of payment or withdrawal, it would help if you also considered the broker’s withdrawal speed. Do not register with a broker that takes more than 24 hours to deposit or, most importantly, release funds.

Best gold trading platforms

The section below mentions some brokers who offer gold trading services:

  • XM – a broker that has proper customer support and fast payments methods, among other professional features
  • Admiral Markets – The platform works properly on PC and mobile phones; it also provides a demo account to practice strategies, among other features.
  • Exness – The broker offers instant automated withdrawals, trading tools to give the best trading experience, among other features.
  • FXCM – It is a popular platform that is trusted by many and also provides the right trading tools for successful trading
  • Forex.com – It offers very tight spreads for gold, improved MT5, among other professional features.

Regulations

Do not go for a broker that is not regulated. A regulated broker is registered with the financial regulatory body of its country (For example, FCA in the UK), and the broker has to comply with the rules set by that body. On the other hand, unregulated brokers do not have such regulation and behave in any manner that they see fit. Regulated brokers also keep clients’ funds in segregated bank accounts and protect client’s data as much as possible.

Can Gold brokers be trusted?

Gold brokers can be trusted, but traders can not trust all brokers. They are good brokers as much as there are bad brokers. If you follow the guidelines given above, you will not make a mistake choosing a bad broker.